libyan

Libya SWF Trial Against Goldman Sachs Set to Start at London High Court

LONDON, June 12 – Libya’s $67 billion sovereign wealth fund will go head-to-head with Goldman Sachs in London’s High Court this week over claims that the U.S. investment bank exploited the fund by encouraging it to make risky and ultimately worthless investments. In what will be one of the most closely watched cases in the

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New Libyan Unity Government Says Will Start Moving into Ministries

By Aidan Lewis TRIPOLI, April 17 – Libya’s new U.N.-backed unity government has secured six ministry buildings in Tripoli and will take administrative control of some of them on Monday, a deputy prime minister has said, despite the volatile security situation. Western states see the unity government as the best hope for tackling Daesh in

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French, German Ministers Arrive in Libya to Back Unity Government

By Aidan Lewis and John Irish TRIPOLI/GENEVA, April 16 – The French and German foreign ministers arrived in Libya on Saturday for unannounced talks with the head of the unity government Fayaz Seraj to offer support as he seeks to stabilise the North African state, a French diplomatic source said. The visit by Jean-Marc Ayrault

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Staff Evacuated from Shuttered Libyan Oil Fields Due to Militant Threat

BENGHAZI, Libya, April 10 – Staff have been evacuated from three oil fields in eastern Libya because of fears of attacks by Daesh militants, but production has not been affected because the fields are shut, oil and security officials said on Sunday. Daesh militants have launched frequent attacks on Libyan oil fields and terminals in recent months,

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Army Claims Advances in Libyan Cities of Benghazi And Ajdabiya

By Ayman al-Warfalli BENGHAZI, Libya, Feb 22 – Military forces loyal to Libya’s eastern government said on Sunday they had pushed back Islamist fighters in several areas of Benghazi, seizing the strategic port of Marisa. The Libyan National Army said it had also taken control of the town of Ajdabiya, about 150 km (90 miles) south

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Fires Put Out at Major Libyan Oil Terminal

BENGHAZI, Libya, Jan 24 – Firefighters have put out fires started by an attack by Daesh militants at the major Libyan oil terminal of Ras Lanuf, a spokesman for guards at the terminal said on Sunday. At least five of the terminal’s 13 tanks were damaged as a result of Thursday’s attack, firefighters have said.

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Members of New Libyan Unity Government Announced

TUNIS, Jan 19 – Libya’s Presidential Council announced a new government of national accord on Tuesday aimed at uniting the country’s warring factions under a U.N.-backed plan. The Tunis-based council had pushed back the deadline for naming the government by 48 hours, amid reports of disputes over the distribution of ministerial posts. Only seven of

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Truck Bomb Kills 65 at Libyan Police Training Centre

MISRATA, Libya Jan 7  – At least 65 people were killed on Thursday when one of Libya’s worst truck bombs in years exploded at a police training centre in the town of Zliten, local officials and hospital sources said. No group immediately claimed the attack, but the bombing was one of the deadliest since Islamist

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